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On Friday, Ethena Labs, the creators of the stablecoin USDE, secured $14 million in funding from key investors. Following this recent influx of funds and a previous $6.5 million investment from Maelstrom, overseen by Arthur Hayes, in July 2023, the company’s post-valuation has risen to $300 million. USDE Issuer Ethena Labs Raises $14M Ethena Labs, … Read more
The African stablecoin on/off ramp, Yellow Card, is set to introduce the stablecoin USDC on the Stellar network. This partnership has the potential to transform global payments and accelerate the adoption of digital assets. Lightning Fast Transfer Speed Yellow Card, a major licensed stablecoin on/off ramp in the African continent, recently announced plans to introduce … Read more
In a surprising turn of events, approximately 4% of Tether’s available supply has returned to exchanges within just five weeks. This movement contrasts with the ongoing trend of Ethereum and Bitcoin supplies moving off exchanges following the adoption of the ETF. 📊 As #Bitcoin’s & #Ethereum’s respective supplies have continued moving off exchanges after the … Read more
In a recent bout of market turmoil, the trading pair involving Circle’s USDC dollar and Tether’s USDT on Binance witnessed a sudden drop to $0.76 and $0.8 at UTC+8 20:00 and 20:15, respectively. Shortly thereafter, the values swiftly normalized. A similar dip was observed on OKX, with the trading pair reaching $0.955 around 20:00. In … Read more
Traditional financial firms are increasingly connecting services, portfolios and operations with digital assets. Go to Source
Should longer-term assets be allowed as reserve assets, the committee believes these must overcollateralize the claims of stablecoin holders. Go to Source
AllUnity, a new joint venture by DWS, Galaxy and Flow Traders, plans to issue the euro stablecoin on all major public permissionless L1s and L2s, DeFi use cases. Go to Source
The producer of the S&P 500 assessed eight stablecoins. Tether received the second-lowest rating. Go to Source
The U.S. dollar-pegged Palau Stablecoin was used by 168 volunteers for $100 of retail purchases in three months. Go to Source
The euro-pegged stablecoin will be the first of its kind in the region and will be available to the bank’s wide customer base for trading use. Go to Source